9th Oct 2024 10:20
Ten Lifestyle Group PLC - London-based customer loyalty platform for financial institutions - Retail share offer raises just GBP10,000 but total equity raise, including share placing, secures GBP5.9 million before expenses. Both share offers are at 63 pence per share, and up to 500,000 new shares were on offer to retail investors, which would have been worth GBP315,000. In the event, only 15,393 are taken up. The placing consists of 9.3 million new shares. Ten Lifestyle calls a general meeting for October 16 to approve the equity raise, which was launched late last month to support a new multi-year US contract worth more than GBP5 million per year initially. Ten will take over from an incumbent high-touch provider at the customer, an existing global corporate client. Read More
